Anglo American PLC Anglo American sells 9.7% interest in Exxaro $215m (6320Q)
December 01 2016 - 2:00AM
UK Regulatory
TIDMAAL
RNS Number : 6320Q
Anglo American PLC
01 December 2016
1 December 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, OR ANY OTHER JURISDICTION IN WHICH
IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE
THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES
FOR SALE IN THE UNITED STATES. THE SHARES
TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT
BEEN AND WILL NOT BE REGISTERED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), AND MAY NOT BE OFFERED
OR SOLD IN THE UNITED STATES ABSENT REGISTRATION
OR AN EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT. THERE WILL NOT BE A
PUBLIC OFFERING OF SUCH SHARES IN THE UNITED
STATES.
Anglo American sells 9.7% interest in Exxaro
for $215 million
Further to the announcement dated 30 November 2016 and via an
accelerated bookbuild placing to institutional investors (the
"Placing"), Anglo American plc ("Anglo American") has agreed to
sell its approximately 35 million ordinary shares, representing a
9.7% interest, and Main Street 333 Proprietary Limited(1) has
agreed to sell approximately 17 million ordinary shares (together,
the "Placing Shares") in Exxaro Resources Ltd ("Exxaro") at a price
of ZAR87 per share.
The sale of Anglo American's shares raised gross proceeds of
approximately ZAR3.0 billion (approximately $215 million). The sale
price represents a 10% discount to the closing price on 30 November
2016.
The Placing Shares represent approximately 14.7% of Exxaro's
issued share capital. Following the sale, Anglo American no longer
holds a direct equity interest in Exxaro. Anglo American intends to
use the proceeds from the Placing to reduce net debt.
Citigroup Global Markets Limited acted as sole bookrunner on the
Placing.
Note:
(1) Main Street 333 Proprietary Limited is Exxaro's controlling
black economic empowerment shareholder.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968
Marcelo Esquivel 8718
marcelo.esquivel@angloamerican.com Trevor Dyer
Tel: +44 (0)20 7968 8891 trevor.dyer@angloamerican.com
South Africa Tel: +44 (0)20 7968
Pranill Ramchander 8992
pranill.ramchander@angloamerican.com Sheena Jethwa
Tel: +27 (0)11 638 2592 sheena.jethwa@angloamerican.com
Ann Farndell Tel: +44 (0)20 7968
ann.farndell@angloamerican.com 8680
Tel: +27 (0)11 638 2786
This announcement does not constitute a prospectus or an offer
or invitation to purchase securities. This announcement is only
addressed to, and directed at, persons in member states of the
European Economic Area ("EEA") who are "qualified investors" within
the meaning of Article 2(1)(e) of the Prospectus Directive
(Directive 2003/71/EC) as amended by the 2010 PD Amending Directive
(Directive 2010/73/EU), as and to the extent implemented in the
relevant EEA member state, and any relevant implementing measure in
the relevant member state.
In addition, in the United Kingdom, this announcement is not
being distributed, nor has it been approved for the purposes of
Section 21 of the Financial Services and Markets Act 2000 ("FSMA"),
by a person authorised under FSMA and is directed only at persons
(i) who are persons having professional experience in matters
relating to investments who fall within the definition of
"investment professionals" in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order"), or (ii) persons who are high net worth
entities falling within Article 49(2)(a) to (d) of the Order, or
(iii) other persons to whom it may lawfully be communicated
("relevant persons"). Under no circumstances should persons who are
not relevant persons rely or act upon the contents of this
announcement. Any investment or investment activity to which this
announcement relates in the United Kingdom is available only to,
and will be engaged only with, relevant persons.
This announcement is not an offer of securities for sale in the
United States. The shares to which this announcement relates have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), and may not be offered
or sold in the United States absent registration or an exemption
from, or in a transaction not subject to, the registration
requirements of the Securities Act. There will not be a public
offering of such shares in the United States.
The Offering and the distribution of this announcement do not,
nor are they intended to, constitute an offer for the sale of or
subscription for, or the solicitation of an offer to buy and
subscribe for, shares to the public as defined in the South African
Companies Act, No 71 of 2008 (as amended or otherwise) (the "South
African Act") and will not be distributed to any person in South
Africa in any manner which could be construed as an offer to the
public in terms of the South African Act. The Offering and the
distribution of this announcement do not, nor are they intended to,
constitute a prospectus prepared and registered under the South
African Act.
The Offering and the distribution of this announcement and other
information in connection with the Offering in certain
jurisdictions may be restricted by law. No action has been taken
that would permit the Offering or distribution of this announcement
in any jurisdiction where action for such purpose is required.
Persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
Citigroup Global Markets Limited is authorised by the Prudential
Regulatory Authority and regulated by the Financial Conduct
Authority are acting for Anglo and for no one else in connection
with the Offering and will not be responsible to anyone other than
Anglo for providing the protections afforded to their customers or
for affording advice in relation to the Offering, the contents of
this announcement or any transaction, arrangement or other matter
referred to in this announcement. Citigroup Global Markets Limited
may participate in the Offering on a proprietary basis.
This announcement does not represent the announcement of a
definitive agreement to proceed with the Offering and, accordingly,
there can be no certainty that the Offering will proceed. Anglo
American reserves the right not to proceed with the Offering or to
vary the terms of the Offering in any way. Anglo American cautions
investors that any forward-looking statements or projections made
by Anglo American, including those made in this announcement, are
subject to risks and uncertainties that may cause actual results to
differ materially from those projected.
Notes to editors:
Anglo American is a globally diversified mining business. Our
portfolio of world-class competitive mining operations and
undeveloped resources provides the raw materials to meet the
growing consumer-driven demands of the world's developed and
maturing economies. Our people are at the heart of our business. It
is our people who use the latest technologies to find new
resources, plan and build our mines and who mine, process and move
and market our products - from diamonds (through De Beers) to
platinum and other precious metals and copper - to our customers
around the world.
As a responsible miner, we are the custodians of those precious
resources. We work together with our key partners and stakeholders
to unlock the long-term value that those resources represent for
our shareholders, but also for the communities and countries in
which we operate - creating sustainable value and making a real
difference.
www.angloamerican.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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